Tesla delivers nearly 97,000 vehicles in Q3 2019

Tesla announced that it has achieved record production of 96,155 vehicles and record deliveries of approximately 97,000 vehicles in Q3 2019.

In addition, the company achieved record net orders in Q3 and is entering Q4 with an increase in order backlog. As was also the case in Q2, nearly all of Model 3 orders were received from customers who did not previously hold a reservation, solidifying the transition to generating strong organic demand. Tesla is continuing to focus on increasing production to meet that demand.

Tesla said that its delivery count should be viewed as slightly conservative, as they only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company's financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.

The company produced 16,318 Model S/X and delivered 17,400 in the quarter. The major sales for the company can't from the Model 3 yet again. It delivered 79,600 Model 3s while it produced 79,837 units of the model.